LHN Limited Declares Final and Special Dividends: Key Dates and Scrip Dividend Option LHN Limited, a Singapore-incorporated company listed on both the Hong Kong Stock Exchange (HKEX: 1730) and the Singapore Exchange (SGX: 41O), has announced its recommendation for the distribution of final and special dividends for the financial year ending 30 September 2024. These proposed dividends are subject to shareholder approval at the upcoming Annual General Meeting (AGM) on 24 January 2025. Key Dividend Details Final Dividend: Tax-exempt S\$0.01 per share (equivalent to HK\$0.0578). Special Dividend: Tax-exempt S\$0.01 per share (equivalent to HK\$0.0578). The Final Dividend is slated for payment on 21 February 2025, while the Special Dividend will be paid on 30 May 2025, provided shareholder approval is obtained at the AGM. Special Dividend Scrip Option Shareholders will have the option to receive the Special Dividend in one of the following forms: Wholly in the form of scrip shares (newly issued shares). Wholly in cash. Partly in cash and partly in scrip shares. The Scrip Dividend Scheme is contingent upon two conditions: Approval of the Special Dividend at the AGM. Approval from both the Singapore Exchange Securities Trading Limited and the Hong Kong Stock Exchange for the listing and trading of the scrip shares. Should these approvals not be secured, the Special Dividend will be distributed entirely in cash. Important Dates for Shareholders Final Dividend For Singapore Shareholders: The Share Transfer Books and Register of Members will close at 5:00 p.m. on 7 February 2025. Transfers registered by this time with the Singapore principal share registrar, Boardroom Corporate & Advisory Services Pte. Ltd., will determine entitlements. For Hong Kong Shareholders: The branch register of members will be closed from 10 February 2025 to 11 February 2025 (both days inclusive). Share transfers must be lodged by 4:30 p.m. on 7 February 2025 with Tricor Investor Services Limited to establish entitlements. Special Dividend For Singapore Shareholders: The Share Transfer Books and Register of Members will close at 5:00 p.m. on 10 April 2025 for determining entitlements. For Hong Kong Shareholders: The branch register of members will be closed from 11 April 2025 to 14 April 2025 (both days inclusive). Share transfers must be lodged by 4:30 p.m. on 10 April 2025 with Tricor Investor Services Limited to establish entitlements. Additionally, for shareholders transferring shares between the Singapore and Hong Kong registers, all necessary documents and remittances must be submitted by 5:00 p.m. (Singapore) and 4:30 p.m. (Hong Kong) on 24 January 2025 for the Final Dividend and by 1 April 2025 for the Special Dividend. Potential Impact on Shareholder Value The proposed final and special dividends indicate the company’s strong financial performance for FY2024 and its commitment to returning value to shareholders. The Scrip Dividend Scheme, if approved, may attract investors seeking additional shares at a potential discount, thus potentially influencing the trading volume and share price of LHN Limited. Shareholders and potential investors are advised to monitor developments closely, especially regarding approvals for the Scrip Dividend Scheme.
